Economic news and events

UPDATE: Sticky services inflation tempers hope of BoE cut for now

The Bank of England left interest rates unmoved on Thursday, in a divided vote, with policymakers still fretting over rampant services inflation.

The central bank...

Thu, 01/02/2024 - 13:47

TOP NEWS: Divided BoE keeps UK interest rates at 15-year high

The Bank of England maintained UK interest rates at a 15-year high on Thursday, but the decision highlighted a divergence between policymakers, with a three-way...

Thu, 01/02/2024 - 12:16

Labour will not hike UK corporation tax, vows Rachel Reeves

The UK Labour party will not hike the rate of corporation tax during its first term, shadow chancellor Rachel Reeves said as she promised to...

Thu, 01/02/2024 - 11:00

New UK oil and gas exploration licences approved in the North Sea

The UK’s oil and gas regulator has awarded 24 new exploration licences to 17 separate companies in a move that has been welcomed by a...

Thu, 01/02/2024 - 10:06

TOP NEWS: Downturn in UK manufacturing continues into 2024

The UK manufacturing sector entered the new year still on a downward path, survey results showed on Thursday.

The seasonally adjusted S&P Global UK manufacturing...

Thu, 01/02/2024 - 09:46

UK’s Hunt wants to ‘lighten the tax burden’ but lowers expectations

The UK chancellor has insisted he wants to ‘lighten the tax burden’ as he looks to temper expectations about the size of cuts coming in...

Thu, 01/02/2024 - 08:09

Ireland manufacturing sector enjoys marginal improvement in January

The AIB Ireland Composite PMI Index rose in January from December, amid a rise in output, export orders and employment, S&P Global said on Thursday.

The...

Thu, 01/02/2024 - 06:57

Ireland harmonised consumer inflation slows to 2.7% in January

Irish annual harmonised consumer price inflation slowed in January, according to a flash estimate, the Central Statistics Office reported on Wednesday.

On a harmonised basis, allowing...

Wed, 31/01/2024 - 11:42

UK government set to publish deal to set stage for Stormont return

The UK government is due to publish the details of its deal with the Democratic Unionist Party (DUP) which sets the stage for the return...

Wed, 31/01/2024 - 09:57

UK could deploy aircraft carrier to Red Sea, suggests minister

The UK could send an aircraft carrier to the Red Sea as the threat from Iran-backed Houthi rebels continues, the armed forces minister has indicated.

James...

Wed, 31/01/2024 - 09:48

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